Thank you, Mr. Speaker, good afternoon. Mr. Speaker, since its introduction, the Highway Investment Strategy has been a source of considerable debate.
The strategy will enable the GNWT to invest an additional $100 million into the reconstruction and repair of NWT highways while distributing the cost of these improvements among those sectors of our northern economy that will benefit the most from them.
Mr. Speaker, the strategy is a critical part of our overall fiscal strategy. The funds it will generate will enable us to upgrade our highways -- a key component of the infrastructure that we will need to have in place in order to pursue our vision of resource development in the NWT. The strategy will also allow us to apply any new revenues to investments in other key priority areas -- areas such as those related to education and health care initiatives identified in Towards A Better Tomorrow.
Mr. Speaker, support for these proposed bills has not been strong. However, most residents of the NWT have acknowledged that highway improvements are necessary and agree with the intent of the bills. Many Members of the Assembly, representatives of industry and the general public have offered suggestions as to how this initiative could in fact be improved. They include considerations like:
- • Adding a sunset clause so that once highway improvements are completed, the permit fee will also conclude;
- • Provisions to protect the NWT's fragile manufacturing industry;
- • Increased tax breaks for residents of the NWT to counter some of the increased costs reflected on residents of the NWT; and
- • Protection for lower-income families.
Mr. Speaker, the government has agreed to consider these suggestions and we are prepared to amend the proposed bills to reflect these concerns. To that end, we do not intend to proceed with the proposed legislation this session. Instead, we will take the time to consider, make amendments and share these changes with all stakeholders and Members of this Assembly. We will reintroduce amended legislation during the February budget session.
In the meantime, we will be looking to those individuals and organizations that in the last six months have pledged to continue or support our lobby of the federal government for investment in our region.
Mr. Speaker, everybody agrees that our NWT highways are in much need of improvement. Our decision today will delay much-needed improvements and interim steps may have to be taken to protect our investment of over a billion dollars in the NWT highway system. These steps may include reductions in speed limits, road or load bans, restricted hours or days of operation and seasonal limitations. It also means that we will be forced to spend more money on repairing and rebuilding portions of some highways that will eventually be discontinued, or redirect money from other program areas to finance the most critical of our highway deficiencies.
Mr. Speaker, I would like to reiterate that this government believes that the Highway Investment Strategy is the solution to rebuilding NWT highways to a standard that will encourage and support future investment without taking money away from other important government programs and services.
I trust that we will be able to identify changes so that Members of this Assembly will be able to support this important initiative. Thank you, Mr. Speaker.
-- Applause